2018-7-31 16:02 |
In July 2017, the Swiss-based online bank was credited by many with becoming “the first” European online bank to launch Bitcoin (BTC) trading accounts for its clients.
Finews attributes Swissquote’s bullish growth in Q1 2018 to a “brisk demand” for crypto products and the soaring fortunes of crypto markets earlier this year.
Net new capital inflows were a solid 60 percent above the previous year, hitting CHF 2.4 billion ($2.43 billion).
Swissquote’s crypto ETP is listed on the country’s largest stock exchange, the Six Swiss Exchange.
This June, Hypothekarbank Lenzburg became “the first” Swiss bank to provide business accounts to blockchain and cryptocurrency companies, after close consultation with local regulator the Swiss Financial Market Supervisory Authority (FINMA).